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Areete Law Offices Advises on Major Hydro Power Plant Acquisition

Areete Law Offices has successfully served as the exclusive legal and tax advisor to Goodwill Energy Enterprise (the “Seller”) and Kundan Green Energy Private Limited (the “Purchaser”) in a significant acquisition

The transaction involves the transfer of a 24.81 MW hydro power plant located in Himachal Pradesh through a slump sale.

Goodwill Energy Enterprise, which has been generating hydro power for over a decade, sees this sale as a strategic move in its business evolution. For Kundan Green Energy Private Limited, the acquisition marks a significant milestone in its ongoing efforts to expand and consolidate its portfolio of green energy assets.

The Areete Law Offices team was led by Partner Mr. Amit Singhania and Associate Mr. Hitesh Jangra, who provided expert guidance throughout the process, ensuring a smooth and efficient transaction for both parties involved. This deal underscores Areete’s expertise and pivotal role in the renewable energy sector, further establishing its reputation as a trusted advisor in complex energy transactions.

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